TRIAS is the abbreviation for Trustworthy and Reliable Intelligent Autonomous Systems.
It’s project is focused on building an all-platform chain system that fully supports private and public use. The long term goal is to make it a framework in which developers can build upon and an ecosystem that has the ability to sustain itself.
This drive to push the boundaries is backed by a corporate vision of making machines “trustworthy” and can be depended upon to do what they are supposed to do.
Started in 2018 at the height of the cryptocurrency bull run, it has made great strides in it’s evolution. While the pandemic has slowed down it’s progress, the team at TRIAS has switched up a gear since early 2021 to get back on track.
The potential of TRIAS has always been a spark that has garnered public attention due to ongoing rumours of it being involved in various projects in partnership with the Chinese government.
With a market size as gigantic as China, it is no surprise that these rumours alone has helped the project gain an avalanche of followers in a very short time.
In a way, TRIAS can be compared to a projects like Polkadot (DOT), Kusama (KSM), and Solana (SOL) in what it’s attempting to achieve. But of course, comparison between TRIAS and these juggernauts is jumping the gun considering how much more developed they are in their technologies.
In a nutshell, TRIAS has immense potential. And has a very impressive roadmap to asset itself in the crypto space. But until things come to fruition, potential is just a projection… which may not be realized.
Regular updates on social media such as Twitter, blogging platforms like Medium, and AMA sessions on Telegram certainly helps followers keep up to date with the developments in the company.
One of the major changes that TRIAS has implemented since the pandemic is the structural change to it’s tokens.
Previously known as TRY, the new TRIAS token now carries the TRIAS abbreviation. A recalibration of the token supply has also shrunk the numbers from 10 billion to 10 million. This is essentially a 1000-to-1 swap.
The lower amount of tokens in circulation has understandably given a rise to token price. However, it should be noted that the fully diluted market capitalization of TRIAS is higher before the swap than after it.
So investors might view this as an undervalued gem, or one that is losing value.
In any case, at a current circulating market cap of less than $10m, it is hard to see prices go anywhere but up in this bull market.
If we look at the price of Kusama today which has recently peaked at over $500, one might think about how they missed the boat when it was hovering around a $3 price just a year ago.
Well, now could potentially be that $3 moment for TRIAS. Time will tell.
Where to buy TRIAS?
Currently, the only centralized exchange where TRIAS can be purchased is Kucoin. It can be traded with USD and BTC pairings.
However, if you are using credit cards to make your purchases, take note that Kucoin uses Simplex, Banxa and Mobilum to handle such transactions. And they come with pretty high credit card processing fees.
A more savvy method is to purchase cryptocurrency with credit cards on more affordable places like Binance, send those cryptos to Kucoin, then trade them for TRIAS.
While it can seem like a more tedious method, you are going to end up with more TRIAS tokens this way.
Bearing in mind that crypto investors are predicting TRIAS prices hitting upwards of $50, every additional token gained can mean a lot of money in the long term.